New Hampshire Revised Statutes 404-G:5-d – Premiums
Current as of: 2023 | Check for updates
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I. Premiums charged for the policies issued by the plan shall be based on the standard risk rate calculated pursuant to paragraph II of this section.
II. The standard risk rate shall be calculated using the average rate, based on the lowest allowable health status factor, for health benefit plans or policies which are presently available in New Hampshire and adjusted for the difference in the actuarial value of the pool’s plans relative to these available plans using the factors derived pursuant to N.H. Rev. Stat. § 404-G:5-a, II.
III. Premium rates for coverage under the plan may not be less than 125 percent and may not exceed 150 percent of the standard risk rate pursuant to paragraph II of this section. The association shall charge high risk pool enrollees a premium charge based on the average rate for the plan adjusted for the attained age of the high risk pool enrollee. The adjustment for attained age shall conform to the provisions of RSA 420-G.
IV. All premium rates and rate schedules shall be submitted to the commissioner for approval.
II. The standard risk rate shall be calculated using the average rate, based on the lowest allowable health status factor, for health benefit plans or policies which are presently available in New Hampshire and adjusted for the difference in the actuarial value of the pool’s plans relative to these available plans using the factors derived pursuant to N.H. Rev. Stat. § 404-G:5-a, II.
III. Premium rates for coverage under the plan may not be less than 125 percent and may not exceed 150 percent of the standard risk rate pursuant to paragraph II of this section. The association shall charge high risk pool enrollees a premium charge based on the average rate for the plan adjusted for the attained age of the high risk pool enrollee. The adjustment for attained age shall conform to the provisions of RSA 420-G.
IV. All premium rates and rate schedules shall be submitted to the commissioner for approval.